Message

Affected Period

Status
Closed

Category
SEMOpx

Run type

Created
10/12/2020 09:13

Last Updated
18/12/2020 08:37

Message Update 18/12/2020 at 08:36

Dear Member, 

We would like to inform you that the fix regarding the issue with the IDA 30 minute Complex Order entry of the fixed term condition for the Minimum Income Condition (MIC) has been successfully implemented into the ETS trading system.

Please be reminded that the workaround previous advised will no longer be necessary. 

Kind regards,

SEMOpx Market Operations Team

Message Update 17/12/2020 at 12:30

Dear Member,

As discussed in today's MOUG, a fix has been provided and tested relating to the issue with the IDA 30 minute Complex Order entry of the fixed term condition for the Minimum Income Condition (MIC).

SEMOpx plans to apply the fix to the auction system (ETS) between 19:30 - 20:30 CET (18:30 – 19:30 GMT). There is no downtime required of the system though and ETS will still be available to members during the application of the fix.

After the fix is applied the workaround previous advised will no longer be necessary. 

Any orders already placed for future IDA auctions that have included the workaround should be deleted and resubmitted with the MIC applied without the workaround. 

SEMOpx will provide an update via market message to confirm the successful implementation of the fix.

Kind regards, 

SEMOpx Market Operations Team

Message Update 10/12/2020 at 16:00

Dear Members,

As discussed on today's Participant call the issue with the 30 minute Complex Order entry is related to the Minimum Income Condition (MIC) calculation in the fixed term condition only. The workaround available to ensure proper reflection of your MIC constraint, is for members to multiply their fixed costs by two  (x2) which will  correctly represent your costs in the calculation of the MIC. For example if your fixed term condition was €100.00 this should be entered as €200.00

For clarity no other changes are required as part of this workaround for the IDAs, and the workaround is not required for the DAM.

We continue to investigate an enduring solution to this issue. If you wish to use this product for the IDA 1, IDA2 and IDA3 please utilise this workaround to represent your costs.

We apologise for any inconvenience caused.

Kind regards,

SEMOpx 

Original Message 10/12/2020 at 09:13

Dear Member,

We would like to inform you that we are investigating a possible irregularity for the 30 min complex order entry for SEM-IDA1 and SEM-IDA2.

We advise you not to make use of this specific product with in the IDA auctions until further notice.

We apologize for the inconvenience it may cause.

Kind regards,

SEMOpx Market Operations Team